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Jit

oboloo Glossary

Jit

JIT, or Just-in-Time, is a production and inventory management strategy that focuses on delivering goods when they are needed, rather than just stocking them. The goal of JIT is to reduce the cost of carrying inventory in warehouses by ensuring that only the necessary materials are purchased and supplied at the right time and right amount. By having the right materials available at the right place at the right time, businesses can save time, money, and resources while still meeting customer demand. With JIT, businesses can also get more efficient processes, streamlined operations, and improved quality control. Ultimately, JIT helps businesses create value and stay competitive in today’s fast-paced economy.

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